Metlen acquires sixth production unit for defense and railway equipment

ATHENS/LONDON - Metlen Energy & Metals PLC (LSE:MTLN) announced Monday the acquisition of NK Trailers, an industrial facility in Volos, Greece, for €10 million, expanding its defense manufacturing capabilities.

The acquisition adds a dual industrial facility specializing in defense systems and railway wagon production to Metlen’s M Technologies Hub in Volos. The facility consists of two steel industrial buildings with approximately 26,900 square meters of space on plots totaling over 47,000 square meters in Volos Industrial Area B.

The company plans to invest an additional €30-40 million for partial refurbishment and new equipment at the site.

With this acquisition, Metlen’s M Technologies Hub will comprise six independent factories capable of operating different defense programs simultaneously. The company had previously committed during its April 2025 Capital Markets Day to expand from two to five defense plants by 2028-2030.

Vasilis Tsiamis, Chief Executive Director of Metlen’s M Technologies, stated that the expansion "strengthens the region’s role as a pillar of heavy industry and defence production for the country."

According to the press release, the M Technologies Hub in Volos is expected to create approximately 1,000 jobs for skilled workers when fully operational.

Metlen, which is listed on the London Stock Exchange and included in the FTSE 100 Index, reports that its defense division’s budget projects a doubling of both turnover and operating profitability in 2026 compared to 2025.

The company’s M Technologies division specializes in heavy and complex metal constructions with a focus on defense systems, and has partnerships with international groups including IVECO Defence Vehicles, KNDS, and Lockheed Martin.

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